Judging by the final score of China’s Shanghai stock exchange, 2014 was a banner year in the Middle Kingdom: the Shanghai was up a gaudy 50%, with virtually all of that gain coming in the second half of the year.
But the gains mask serious problems in China, Silvercrest Asset Management’s Patrick Chovanec said this morning on the MoneyBeat show. In his estimation, the gains in Chinese mainland stocks were a direct result of Beijing’s attempt to force stocks higher, as a way to recapitalize all the bad debts that had been created in the wake of the financial crisis.
China Outlook: Don’t Be Fooled By Shanghai’s Rally
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More